January Newsletter & Stats
HAPPY NEW YEAR 2014!
Hard to believe we are already into the start of 2014! Real Estate in Calgary was very steady for the past year and this year looks to be a good year as well.
Although price in real estate corrections have happened to some degree nation-wide, Calgary continues to have a steady market. The major correction in Calgary in 2008-2009, shouldn’t repeat itself anytime in the near future. Interest rates remain low and prices also remain on an even level with some price growth for the next year.
Market conditions favoured the Seller for most of 2013 which caused price gains in both the single family and condominium areas in the city. On an annual basis, unadjusted single family prices grew by more than 7% in 2013. There were 16,302 single family homes sold in 2013 which is an 8 per cent increase over the previous year.
Please find enclosed December sales (info supplied by CREB). I would also like to let you know about my new web site. In it you will find easy access numbers and web sites for all of your real estate buying, selling and home owner needs. Please go to: www.docwatson.ca
If you know of anyone who is thinking of buying or selling, I would appreciate you passing my name onto them. Thank you for all the referrals!
Sutton Group Canwest
Text: (403) 804-8007
Office: (403) 208-7788
Celebrating over 25 years of Real Estate Service in the Calgary area